Glenrosa, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $300,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Glenrosa, British Columbia
In Glenrosa, the real estate market has been experiencing a steady increase in property values. The median house price in this area currently stands at $500,000, which reflects a year-over-year growth of 4.2%. This suggests a healthy demand for single-family homes. On the other hand, apartments are slightly more accessible from a financial standpoint, with the median price set at $300,000 and witnessing a smaller annual increase of 2.5%. Such trends indicate that while the market is growing, it is doing so at a sustainable pace.
The population of Glenrosa has reached 15,500 residents and is on an upward trajectory with growth recorded at 3.3%. The increasing population is likely contributing to the demand for housing and may be partially responsible for the uptick in property values.
Investment Opportunities and Potential in Glenrosa
Glenrosa’s real estate market presents several opportunities for potential investors. The consistent rise in house prices coupled with stable population growth signals that there is ongoing and increasing demand for properties. For investors looking at long-term equity growth, single-family homes represent a solid investment considering their higher year-over-year price increase compared to apartments.
With apartments experiencing a modest annual price increase of 2.5%, these properties could be attractive to investors seeking rental income opportunities. Given their lower entry price point, they may also appeal to first-time homebuyers or those with limited budgets, which could keep these units in demand.
Future Market Outlook for Glenrosa Real Estate
Moving forward, the real estate market in Glenrosa appears positioned for continued growth. The steady rise in property values is indicative of a robust market, but it’s essential to monitor whether these trends align with wage increases and overall economic conditions to maintain affordability and avoid pricing out potential buyers.
The ongoing population growth will likely sustain the need for housing, potentially driving further development and investment into the region. While current trends are positive, factors such as interest rates, employment rates, and broader economic circumstances must be considered when projecting future market performance.
In conclusion, if Glenrosa continues on its current path of sustainable growth combined with demographic expansion, the real estate market should remain favorable for both homeowners and investors alike. However, as with any financial decision involving real estate, due diligence and attention to evolving market dynamics are crucial.
